The Coast Guard Is Investigating A Possible Brand New, Big Oil Spill In The Gulf

On top of everything else, some potentially troublesome
environmental news out of the Gulf of Mexico again.

The Times Picayune is reporting that the Coast Guard is
investigating reports of a brand new deepwater oil spill.

Multiple callers have reported that they have seen a huge sheen
of oil not far from a deepwater rig. According to Judson Parker
at Examiner.com, the potentially leaky rig is the
Matterhorn SeaStar owned by W&T offshore.

Details remain scarce. It is interesting that as oil rallied late
in the day on Friday, shares of W&T Offshore tanked hard into
the close. (via @nictrades and @stocksage1)